Disinvestment of holding in companies by their promoters at high premium where the companies themselves are defaulting in their liability to pay Government dues. https://www.taxtmi.com/circulars?id=10510 Promoter sales in telecom companies facing defaults on Government dues must be examined for capital gains tax liability; licence-fee deductions claimed by the company are admissible only if actually paid and may be disallowed where unpaid, with Assessing Officers directed to take appropriate action to bring the income to tax. en-us Mon, 01 Mar 1999 00:00:00 +0530 Tue, 14 Jun 2011 19:02:00 +0530 TaxTMI RSS Generator Disinvestment of holding in companies by their promoters at high premium where the companies themselves are defaulting in their liability to pay Government dues. https://www.taxtmi.com/circulars?id=10510 Promoter sales in telecom companies facing defaults on Government dues must be examined for capital gains tax liability; licence-fee deductions claimed by the company are admissible only if actually paid and may be disallowed where unpaid, with Assessing Officers directed to take appropriate action to bring the income to tax. Circulars Income Tax Mon, 01 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10510